CN114207654A

CN114207654A - Asset transaction system, method and storage medium

Info

Publication number: CN114207654A
Application number: CN202080048896.4A
Authority: CN
Inventors: 罗兰·朔勒; 帕斯卡·埃勒特; 罗宾·斯特朗
Original assignee: Winterado Technology Co ltd
Current assignee: Winterado Technology Co ltd
Priority date: 2019-06-27
Filing date: 2020-06-10
Publication date: 2022-03-18
Also published as: US20220358587A1; WO2020260019A1

Abstract

A data processing system (100) for trading assets is presented, the system comprising a trading application (102) and a trading platform (104) comprising at least one server (105), the object of the invention being to improve user interaction with the trading application. The object is solved by a system configured to perform the steps of: a) sending a signal from a trading application (102) to a trading platform (104), the signal indicating a request to enter a position, the request indicating an asset; b) storing in a database of the server (105) at least an identification of the asset and an identification of the position size, the user and a timestamp indicating the time of the purchase; c) forwarding the market price of the asset to a trading application (102); d) calculating a position value at the current time based on at least the market price, the position size, and a holding fee, wherein the holding fee is based on a holding time derived from a duration from the purchase time to the current time; and e) displaying the position value in the transaction application (102).

Description

Asset transaction system, method and storage medium

Technical Field

The present invention relates to a system for trading assets.

Background

Traditionally, the trading of assets at exchanges has been conducted by brokers at the exchange hall. More and more investors can trade through internet-accessible brokerage firms. As investors increase in liquidity, orders may be placed using applications in the mobile device. However, the user interface in the transaction application is limited. The information provided by the application is difficult to understand and the fees levied are not clear. The number of fields that must be entered is an obstacle to ordering. This is a burden, especially for inexperienced investors and consumers.

Disclosure of Invention

This drawback is solved by the system of claim 1, the method of claim 14 and the storage medium of claim 15.

In particular, said drawback is solved by a data processing system for trading assets, said system comprising:

a transaction application; and

a trading platform comprising at least one server;

the system is configured to perform the steps of:

a) sending a signal from the trading application to the trading platform, the signal indicating a request to enter a position, the request indicating an asset;

b) storing in a database of the server at least an identification of the asset and an identification of a position size, a user, and a timestamp indicating a time of purchase;

c) forwarding the market price of the asset to the trading application;

d) calculating a position value for a current time based on the market price, the position size, and a holding cost, wherein the holding cost is based on a holding time estimated from the purchase time to a duration of the current time; and

e) displaying the position value in the transaction application.

Advantages include an improved human-machine interface that facilitates transactions substantially, particularly in handheld mobile devices, and particularly for inexperienced traders. Advantages include position being accessible by accessing only the desired assets and the amount to be spent. Alternatively, a confirmation button may be clicked. The amount may be deducted from the current balance of the user of the transaction application. The current balance may be stored in the transaction platform and displayed to the user on the transaction application. If the user exits the position (e.g., sells assets), the transaction application may always display the position value to be added to the user's current balance. This is substantially beneficial for understanding the value as well as the cost. The holding fee is assessed based on the duration of holding the position and the position value is updated accordingly, which is substantially beneficial for understanding the fee. When the position is closed, the position value may be intuitively added to the current balance.

Displaying the position in step e) may comprise providing a first indication to the position value, for example providing the position value with a green colour, if the position value is higher than the initial cost of entering the position. Displaying the position in step e) may comprise providing a second indication to the position value, for example providing the position value with a red color, if the position value is higher than the initial cost of entering the position.

The market price may be a buy price, representing the price at which the third party is willing to purchase the asset. Market makers may also generate market prices (manually or automatically). The exchange may receive, store, and issue market prices, such as bid prices and ask prices. Exchanges may also be used to trade assets. The transaction application may comprise a exchange or be a separate entity. The transaction application may also communicate with the exchange.

The trading platform may forward market prices from the exchange to the trading application in a push manner. The trading application may also request market prices from the exchange or trading platform in a push fashion.

The position value may be displayed on a display of the transaction application.

The position may be any suitable position, such as a multi-position or an empty position on any suitable underlying asset. The asset may be any suitable asset that can be identified and traded. Assets may be based on equity (stocks), fixed benefits (bonds), currency (including cryptocurrency), commodities, and the like. The position may relate to a fund, which may be open or closed, such as an index fund or an exchange traded fund. Positions may be based on derivatives of assets and may include forwards, futures, options, and the like. The position may be leveraged or un-leveraged. Entering position means entering a contract, the effect of which is to own or liability securities or other assets. Exiting the position means selling or returning the asset. Entry of the position may be effected by settling the order with a third party, either directly or through an exchange. The entry of the position may also be stored in a server of the trading platform, for example by entering a record in a data list.

The holding fee is a fee levied based on the duration of time the position is held. A holding fee is typically assessed to the user of the transaction application.

The request to enter the position may be a market instruction, preferably indicating an amount of money (preferably a predefined currency, e.g., the currency of the traded asset) that the asset should be purchased or that the position should be entered. Optionally, the request may include a quantity of assets to purchase or sell. The request may also be a limit order or a stop-loss order. The size of the positions stored in the database is related to the number of assets that entered the position.

In one embodiment, the holding fee is based on a quotient (q) of the holding time (T) divided by a predetermined time interval (I):

resulting in an increase of said holding costs concurrent with said interval (I); and is

Wherein the time interval (I) is preferably stored in the trading platform and transmitted to the trading application.

In one embodiment, the system further comprises a memory of the user's current balance,

and the system is further configured to:

a1) in response to step a), subtracting the position cost from the current balance,

wherein the position cost is preferably based on a purchase price of the asset.

In one embodiment, the system is further configured to:

f) sending a signal from the trading application to the trading platform, the signal indicating a request to exit the position;

g) adding an amount of sale to/from a current balance based on the position value of the asset; and

h) closing the position in the trading platform.

In one embodiment, the system is further configured to:

f1) in response to receiving the request of step f), sending a signal to the exchange with instructions to sell the asset and/or derivative thereof.

In one embodiment, the system is further configured to:

a2) after receiving the signal indicating the request to enter the position, blocking the request if the current balance/the current balance and/or credit is below a purchase amount required to enter the position.

In one embodiment, the system is further configured to:

a3) in response to receiving the request of step a), sending a signal to the exchange with instructions to purchase the asset and/or derivative thereof.

In one embodiment, the system is further configured to:

e1) in response to the current balance reaching zero or being below zero, exiting the position and/or removing the position from the transaction application.

Advantages include preventing the position value from being negative, i.e. the user is owed more money than the investment. The embodiment may be similar to a stop-loss slip, but include a reduction in position values due to periodic hold costs. The embodiment may be implemented by a conventional loss stop sheet that is initially set to zero and updated and incremented at each time interval (I) by the periodic holding cost divided by the position size.

In one embodiment, the system is further configured to:

e2) displaying a visualization of the time remaining before the increase in holding costs;

wherein the remaining time is calculated based on a remainder (r) of the holding time (T) divided by the predetermined time interval (I):

r＝rem(T,I)

visualizing the time remaining until the next hold fee is deducted on the transaction application is useful to understand when and how much hold fees are assessed. The predetermined time interval may be stored in the trading platform and may depend on factors such as asset type, user contract, etc. The holding fee interval may be communicated to the transaction application. The remaining time may be calculated and frequently updated within the transaction application.

Typically, the update interval for the remaining time is much shorter than the keep-alive interval. This allows the user to take action before levying a next holding fee. The hold time of the transaction application may be synchronized with the hold time on the transaction platform, which may hold host time, before the remaining time reaches the next hold fee deduction time.

The position value may be updated in the trading platform and sent from the trading platform to the trading application. The trading platform may hold master position values. When a position is closed (e.g., an asset is sold), the current position value may be added to the current balance in the trading platform before the current balance is transferred to and updated in the trading application. This will improve the integrity of the system.

In one embodiment, the update interval of the visualization of step e2) is shorter than the predetermined time interval (I), in particular at least 5 or 10 times shorter; and is

Wherein the updating of the visualization in step e2) is performed by the transaction application.

In one embodiment, the display in step e) allows determining the remaining time (r) as a fraction of the predetermined time interval (I).

In one embodiment, the score is visualized as a progress bar and/or a ring graph.

In one embodiment, the position value is displayed in the middle of the ring plot/ring plot.

The deficiency is further addressed using a computer-implemented method for trading assets, preferably implemented by the system set forth herein, comprising the steps of:

a) sending a signal from a trading application to a trading platform, the signal indicating a request to enter a position, the request indicating an asset;

b) storing in a database of a server at least an identification of the asset and an identification of a position size, a user, and a timestamp indicating a time of purchase;

c) forwarding the market price of the asset to the trading application;

e) displaying the position value in the transaction application.

The deficiencies are further addressed using a computer readable medium comprising instructions which, when executed by a data processing system, such as the system described herein, cause the system to perform the steps of the method described herein.

Benefits and advantages of the method and storage medium are equivalent or similar to those of the system described above.

Drawings

Embodiments of the present invention are explained below with reference to the drawings, in which

FIG. 1 illustrates a system for trading assets;

FIG. 2 illustrates a method for trading assets;

FIG. 3 illustrates a display of a transaction application.

Detailed Description

Fig. 1 shows a system 100 for trading assets, the system comprising a trading application 102 and a trading platform 104, the trading platform 104 comprising at least one server 105. The system further comprises a communication means 110 between the trading application 102 and the trading platform 104. The system may also communicate with an exchange to purchase and/or sell assets and/or receive market prices.

FIG. 2 shows steps for trading assets at an exchange, the steps including: a)202, sending a signal from the trading application 102 to the trading platform 104, the signal indicating a request to enter a position, the request indicating an asset; b)204 storing in a database of the server 105 at least an identification of the asset and an identification of the position size, the user and a timestamp indicating the time of purchase; c)206, forward the market price of the asset to the trading application 102; d)208, calculating a position value of the current time based on the market price, the position size, and a holding charge, wherein the holding charge is based on the holding time estimated from the purchase time to the duration of the current time; and e)210, displaying the position value in the trading application 102.

Fig. 3 shows a display 300 of a transaction application including a visualization 310 of the time remaining until the next increase in holding costs. The remaining time as a fraction 310 of the time interval between holding cost increases may be visualized as a circular graph 330. The position value 320 may be displayed in the middle of the annular plot.

The transaction application may include functionality to exit the entered position. This may be done by clicking on the "sell" button 340. When the sell button is clicked, the position may be closed and the balance added to the current balance.

As an example, the trading platform may communicate with the exchange to place orders and receive market prices. The trading platform may also communicate with one or more brokers (e.g., one or more broker servers) for some or all of the functions that may optionally be performed by communicating directly with the exchange.

Description of the symbols

100 a system for trading assets;

110 a communication means;

102 a transaction application;

104 a trading platform;

105 a server of the trading platform;

106 an exchange;

107 an exchange server;

202 sending a signal from the transaction application to the transaction platform;

204 are stored in a database of the server;

206 forward the market price;

208 calculating a position value;

210 display position values;

300, display;

310 visualization of the remaining time;

a value of 320 inches;

330 ring diagram;

340 sell button.

Claims

1. A data processing system (100) for trading assets, the system comprising:

a transaction application (102); and

a trading platform (104) comprising at least one server (105);

the system is configured to perform the steps of:

a) sending a signal from the trading application (102) to the trading platform (104), the signal indicating a request to enter a position, the request indicating an asset;

b) storing in a database of the server (105) at least an identification of the asset and an identification of a position size, a user, and a timestamp indicating a time of purchase;

c) forwarding market prices for the assets to the trading application (102);

d) calculating a position value for a current time based at least on the market price, the position size, and a holding cost, wherein the holding cost is based on a holding time inferred from the purchase time to a duration of the current time; and

e) displaying the position value in the transaction application (102).

2. The system of claim 1, wherein the first and second sensors are disposed in a common housing,

wherein the holding fee is based on a quotient (q) of the holding time (T) divided by a predetermined time interval (I):

Wherein the time interval (I) is preferably stored in the transaction platform (104) and transmitted to the transaction application (102).

3. The system of claim 1 or claim 2,

wherein the system further comprises a memory of the user's current balance, and the system is further configured to:

wherein the position cost is preferably based on a purchase price of the asset.

4. The system of any one of the preceding claims,

wherein the system is further configured to:

f) sending a signal from the trading application (102) to the trading platform (104), the signal indicating a request to exit the position;

h) closing the position in the trading platform (104).

5. The system of claim 4, wherein the first and second sensors are arranged in a single package,

wherein the system is further configured to:

f1) in response to receiving the request of step f), sending a signal to the exchange (106) with instructions to sell the asset and/or derivative thereof.

6. The system of any one of the preceding claims,

wherein the system is further configured to:

7. The system of any one of the preceding claims,

wherein the system is further configured to:

a3) in response to receiving the request of step a), sending a signal to the exchange (106) with instructions to purchase the asset and/or derivative thereof.

8. The system of any one of the preceding claims,

wherein the system is further configured to:

e1) in response to the current balance reaching zero or being below zero, exiting the position and/or removing the position from the transaction application (102).

9. The system of any one of the preceding claims,

wherein the system is further configured to:

e2) displaying a visualization (310) of the time remaining before the increase in holding costs;

r＝rem(T,I)。

10. the system of claim 9, wherein the first and second sensors are configured to sense the temperature of the fluid,

wherein the update interval of the visualization of step e2) is shorter than the predetermined time interval (I), in particular at least 5 or 10 times shorter; and is

Wherein the updating of the visualization in step e2) is performed by the transaction application (102).

11. The system of claim 9 or claim 10,

wherein the displaying in step e2) allows determining the remaining time (r) as a fraction of the predetermined time interval (I).

12. The system as set forth in claim 11, wherein,

wherein the score is visualized as a progress bar and/or a ring graph (330).

13. The system as set forth in claim 12, wherein,

wherein the position value (320) is displayed in the middle of the ring plot/ring plot.

14. A computer-implemented method for trading assets, preferably by the system of any one of the preceding claims, the method comprising the steps of:

a) sending a signal from a trading application (102) to a trading platform (104), the signal indicating a request to enter a position, the request indicating an asset;

b) storing in a database of a server (105) at least an identification of the asset and an identification of a position size, a user, and a timestamp indicating a time of purchase;

c) forwarding market prices for the assets to the trading application (102);

e) displaying the position value in the transaction application (102).

15. A computer readable medium containing instructions which, when executed by a data processing system, cause the system to perform the steps of claim 14.